Amit Ghate has left a new comment on your post "Sarbanes Oxley Continues to Take its Toll on the G...":

Yes, there's definitely been a huge move towards going private (see the surge in private equity funds), as well as of delisting to avoid the onerous regulations imposed by our bureaucrats. And of companies who do wish to become public, more and more of them are choosing to do so in London or Tokyo rather than in NY.

As I've mentioned before, every investor always had the choice to NOT invest in a company if he was unsure about its financials, reputation, etc. but now he no longer has that choice as the companies have left the public marketplace altogether. (In general I think it's fair to say that preventative/regulatory law always leads to a shrinking of an honest person's possible sphere of action.)

Posted by Amit Ghate to Thrutch at 7:33 PM